KBR, Inc. (NYSE:KBR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 51.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,868 shares of the construction company's stock after selling 26,241 shares during the period. Victory Capital Management Inc.'s holdings in KBR were worth $1,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in KBR by 0.7% during the third quarter. State Street Corp now owns 4,016,324 shares of the construction company's stock worth $262,185,000 after purchasing an additional 29,833 shares during the last quarter. Bank of New York Mellon Corp increased its position in KBR by 87.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,805,163 shares of the construction company's stock worth $162,503,000 after purchasing an additional 1,307,033 shares during the last quarter. Franklin Resources Inc. increased its position in shares of KBR by 14.5% during the third quarter. Franklin Resources Inc. now owns 2,416,531 shares of the construction company's stock valued at $167,876,000 after acquiring an additional 305,889 shares during the last quarter. Jennison Associates LLC increased its position in shares of KBR by 27.8% during the third quarter. Jennison Associates LLC now owns 1,621,740 shares of the construction company's stock valued at $105,624,000 after acquiring an additional 353,209 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of KBR by 5.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,256,562 shares of the construction company's stock valued at $81,840,000 after acquiring an additional 62,880 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

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KBR Stock Up 0.2 %

Shares of NYSE KBR traded up $0.11 during midday trading on Friday, hitting $50.15. The company's stock had a trading volume of 1,192,023 shares, compared to its average volume of 1,240,280. The business's fifty day simple moving average is $53.16 and its two-hundred day simple moving average is $59.67. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. KBR, Inc. has a 1 year low of $47.16 and a 1 year high of $72.60. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 0.86 and a beta of 0.86.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. KBR had a net margin of 4.35% and a return on equity of 28.87%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2 billion. On average, equities analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 14th will be paid a $0.165 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. This is an increase from KBR's previous quarterly dividend of $0.15. KBR's payout ratio is currently 23.57%.

Insider Buying and Selling

In other KBR news, insider Gregory Sean Conlon sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $961,210.00. Following the sale, the insider now owns 63,533 shares of the company's stock, valued at approximately $3,214,134.47. This trade represents a 23.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KBR shares. KeyCorp dropped their price target on shares of KBR from $70.00 to $67.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Citigroup dropped their price target on shares of KBR from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. TD Cowen dropped their price target on shares of KBR from $72.00 to $64.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price target on shares of KBR from $75.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, KBR has an average rating of "Moderate Buy" and an average price target of $75.88.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.